The Junior Resource Sector Lit Up Today

Many of the junior resource stocks I follow were up 10% or more today. The reason.....President Obama hinting that a debt deal is getting closer. Even though any deal will only kick the can down the road for another 6 months or so, the majority of investors are terrified of August 2nd coming without a deal. 2008 is still fresh in the Canadian resource sector and most retail investors spook easily. As long as a deal seems likely and with gold nearing all time highs, the juniors will scream higher into the Fall season.